Bake Sales in the Global Village

During the Industrial Park era, it was not unusual to hold bake sales to fund school activities like Band and Sports that were not adequately supported by the school's budget.

 Photo by Russ Ward on Unsplash

Over time,  sports like football and basketball attracted fans willing to pay to see matches between rival teams. Soon the football and basketball teams were bringing in enough revenue to support the team, with surpluses going into the school budget.

However, in the Global Village, there are no schoolhouses or sports to support with Bake Sales. Instead, we have crowdfunding. Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the Internet. It is a form of crowdsourcing and alternative finance.

Rather than one or two major investors, a “crowd” funds a project or business, There are four different types of crowdfunding: rewards, donation, debt and equity.

Global Village educators and tutorial creators turn to PATREON for the funds they require to offer their services to those who need, but cannot afford them. This provides:

Predictable & sustainable revenue

Monthly pledges means they know exactly what they're getting paid each month.

Independence

They are not reliant on Government funding, Parochial Institutions, or Bake Sales to sustain their projects. Over time, the people they help become their biggest contributors.

Community

They cultivate a professional relationship with their student-clients without the bureaucratic obstacles often imposed by School Boards and Politicians.

 

So, there are no bake sales in the Global Village.